Skip to content
OpenCapital
Get started
Income StatementBalance SheetCash FlowSegments
Realty Income logo

Realty Income Income Statement

Revenue, expenses, and profitability over time

Realty Income generated $5.9B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $1.1B with a 19.09% net margin. Diluted EPS is $1.23, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$5.9BNet Income (TTM)$1.1BEps Diluted (TTM)$1.23
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$57.7B
P/E Ratio51.10
ROE2.89%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisition and integration costs$0$279K$331K$13.3M$10.3M$10.8M
Depreciation and amortization$606.7M$608.9M$647.8M$632M$635.4M$630.3M
General and administrative$49.1M$44M$49.3M$55M$54.1M$58.9M
Total operating expenses$1.2B$1.1B$1.2B$1.2B$1.2B$1.2B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.23$0.28$0.22$0.35$0.33$0.33
Diluted earnings per share$0.23$0.28$0.22$0.35$0.33$0.33
Weighted-average shares, basic863M891.7M903M913.9M907.2M932M
Weighted-average shares, diluted863.8M892.4M903.7M915.2M908.3M934.4M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$2.4M$4.4M$3.3M$3.1M$2.6M$2.7M
Interest expense$268.1M$268.4M$283.8M$294.5M$288.2M$291.9M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$221.5M$267.1M$223.1M$341.5M$323.4M$347.1M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$20.1M$15.7M$24.1M$23.8M$21.8M$26.2M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$199.6M$249.8M$196.9M$315.8M$296.1M$320.9M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$134.4M$284.4M$219.9M$312.3M$308.8M$344M
Direct Costs Of Leased And Rented Property Or Equipment$96.3M$106.7M$107.4M$106.6M$108.1M$116.8M
Foreign currency and derivative loss, net$535K-$2.5M-$4.4M-$2.8M-$18.9M-$17M
Gain Loss On Sale Of Properties$25M$22.5M$38.6M$49.1M$67.4M$35.6M
Impairment Of Real Estate$143M$116.6M$143.4M$87M$124.4M$129.3M
Interest and Dividend Income, Securities, Operating—$34.7M———$70.1M
Interest and Fee Income, Loans and Leases—$32.6M———$32.1M
Lease Income$1.3B$1.3B$1.3B$1.4B$1.4B$1.4B
Membership and other income$60.6M$77K$72.2M$84.1M$88.4M$5.7M
Other income, net (Note 6)$7.3M$7.2M$7.4M$10M$4.9M$15.1M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.3B$1.4B$1.4B$1.5B$1.5B$1.5B